Rivan New Capital is a new city located in Egypt, approximately 45 kilometers east of Cairo. It is being built to accommodate the growing population of Egypt, which is expected to exceed 100 million by 2050. The project is being developed by the Egyptian government in partnership with the United Arab Emirates-based conglomerate, Capital City Partners.
Rivan New Capital is planned to be a modern city with a wide range of residential, commercial, and recreational facilities. The city will be powered by renewable energy sources, and will feature green spaces, parks, and a variety of entertainment and leisure activities. The project is expected to create over 1 million jobs and attract more than $45 billion in foreign direct investment.
The city will be home to several international universities and medical institutions, as well as a state-of-the-art airport. It will also feature a financial district, which will house the headquarters of several international banks. The city is expected to become a major hub for trade, finance, and technology in the Middle East.
Rivan New Capital is part of a larger plan to develop Egypt’s economy and create jobs for its citizens. It is expected to provide a much-needed boost to the country’s infrastructure and help attract foreign investment. The project is expected to be completed by 2027.